TV personality Barbara Walters planning to retire in 2014

Barbara Walters is expected to retire in May of 2014, according to The Hollywood Reporter.

One of television's most iconic leading ladies is finally planning to unplug her microphone. Barbara Walters is expected to retire in May of 2014, according to The Hollywood Reporter. [embedgallery id=127444]

The longtime television personality, 84, has appeared on-air for more than 50 years. She will step down as a regular presence on ABC news and the network's popular daytime talk show "The View." Walters is expected to make the announcement herself within weeks.

Earlier this month, Walters was named on Forbes' list of most influential celebrities. Her long-running career has launched her to household name-status after appearing on many major news shows, including "Today," "The View," "20/20" and "ABC Evening News."

Walters has suffered health issues in recent months. She fell and cut her head at the home of the British ambassador after suffering a fainting spell caused by chicken pox in January. She was off-air for several weeks.

Although Walters has been married three times to four men, she has not been married since her last divorce in 1992 to Merv Adelson, the CEO of Lorimar Television, whom she married twice.